Noodles & Co (NASDAQ:NDLS) released its earnings results on Thursday. The restaurant operator reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02, Morningstar.com reports. Noodles & Co had a positive return on equity of 3.74% and a negative net margin of 1.47%. The firm had revenue of $110.05 million for the quarter, compared to analyst estimates of $108.93 million. Noodles & Co updated its FY 2019 guidance to $0.08-0.16 EPS.
Shares of NASDAQ NDLS traded up $0.88 during mid-day trading on Friday, reaching $8.54. 1,121,957 shares of the company’s stock were exchanged, compared to its average volume of 372,024. The firm has a market cap of $336.53 million, a P/E ratio of 427.00, a P/E/G ratio of 7.50 and a beta of 0.06. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.70 and a quick ratio of 0.41. Noodles & Co has a twelve month low of $5.85 and a twelve month high of $13.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in shares of Noodles & Co during the first quarter worth about $36,000. Rhumbline Advisers raised its position in shares of Noodles & Co by 55.8% during the fourth quarter. Rhumbline Advisers now owns 17,071 shares of the restaurant operator’s stock worth $119,000 after purchasing an additional 6,115 shares during the period. Macquarie Group Ltd. raised its position in shares of Noodles & Co by 560.3% during the fourth quarter. Macquarie Group Ltd. now owns 7,857 shares of the restaurant operator’s stock worth $55,000 after purchasing an additional 6,667 shares during the period. Geode Capital Management LLC raised its position in shares of Noodles & Co by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 342,158 shares of the restaurant operator’s stock worth $2,391,000 after purchasing an additional 6,676 shares during the period. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of Noodles & Co during the fourth quarter worth about $48,000. 65.48% of the stock is currently owned by institutional investors.
About Noodles & Co
Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.
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